DTN Early Word Opening Livestock 12/24 05:50
24 Dec 2018
DTN Early Word Opening Livestock 12/24 05:50 Livestock Paper to Open Narrowly Mixed in Abbreviated Trading Session Look for a slow, do-nothing trade affair Monday morning as meat futures put in a few business hours before breaking for the Christmas recess. A minimal amount of cash hog trading is possible at lower money. By John Harrington DTN Livestock Analyst Cattle: Steady Futures: Mixed Live Equiv: $142.07 + 1.08* Hogs: Steady-$1 LR Futures: Mixed Lean Equiv: $ 76.02 + .74** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: It was the short trading day before Christmas and all through the CME house, barely a trader was stirring not even a day-trading mouse. Forgive this lame verse, but anticipating business on Christmas Eve doesn't seem to deserve much more. Whatever futures action we see Monday morning is scheduled to be cut short around noon (CST), an hour before normal trading time.